The hourly trend of crude oil began to rise around the opening. In the short term, we will pay attention to the pressure zone around 82.5, where there may be a slight adjustment. I was bullish on crude oil last week. It rebounded slightly after the market opened. Don’t chase higher. You can go short near the pressure level. After adjustment, you can go long.
Crude oil market analysis Everyone look at our analysis yesterday, crude oil is the planned 78.50 near the empty, yesterday twice in 78.50 below have been suppressed down, crude oil 78.50 is a suppressed platform, today's first touch or can be empty, crude oil to see shocks, long and short can be on, such shocks need to follow its rhythm, crude oil bears more...
The daily K-line of crude oil continues to run above the short-term moving average and continues to maintain a high and strong trend. There is currently no particularly obvious trend in the 4-hour trend. After yesterday's adjustment, it is expected that there will be a rebound trend in the short term. In the small-level cycle trend, after continuous narrow...
There is a series of negative news for crude oil. Crude oil is currently around 77.6. After the decision to extend voluntary production cuts into the second quarter was announced, oil was sold off, indicating underlying weak demand. What is even more worrying is that Russia agreed to voluntarily cut production last year, and then voluntarily cut production by...
Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The...
Hello Traders! I see a good opportunity to execute a short trade on WTI H1. I expect the BOSS at the price of 77.80 to be taken, and in case of retracement, I will look for a short trade entry. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the...
Hello Traders! This is my forecast for WTI H1. I see another retracement from the bullish channel, considering this an opportunity to execute a long entry until the resistance level and above the Previous Day's High. If confirmed, I will execute a long entry. Traders, if you liked my idea or if you have a different vision related to this trade, write in the...
I wouldnt touch this until the $72-74 region. Even there i would hope to get in lower. Patience required for an attempt to long this. Not an area i would short either despite the title. Just think, a wait and see method is best for Oil at the moment. Last oil trade we road from $66-67 area up toward $90. Lets do it again.
😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move is filled POi, now impulsive is starting 🟢 Inducement: Done 🟢 Pull Back: 1st and deep 🟢 Internal Structure: Bearish 🟢 Ext OB: Mitigated 🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done 🟢...
Hello everyone. Crude oil is currently affected by the Red Sea news, which has led to explosive rises today. But the price has now reached resistance. Therefore, crude oil can be sold in the 74.5-74.8 area. TP73.8-73.
Hi, According to my analysis of the oil market, it seems to be in a very negative state. We notice that the market is in a downtrend with a descending channel forming as shown in the analysis. The price also rebounded from the demand block area at the 76 level, indicating further decline in the coming days. Good luck to everyone.
Hello, according to my analysis of the oil market on a four-hour frame. It appears from the analysis that it is still in a downward trend. Through the descending channel that confirms the sellers’ control over the market. Good luck to everyone.
Hello Traders! As expected, we can see a retracement of the OIL H2 from the resistance level, and also, from the OB at the price of 74.900. I see this retracement as a good signal of bearish domination, representing a good opportunity to execute a short trade. Treaders, if you liked my idea or if you have a different vision related to this trade, write in the...
Hello Traders! This is my perspective on WTI H4. OIL is currently at a key level, and I'm waiting for a confirmation. At the moment, OIL is in a bearish channel pattern and has now reached the resistance level. I anticipate a move until the OB from the price of 78.200. Additionally, there is a significant possibility of a strong bearish move down to the price of...
Oil traders overreacting to the wrong triggers? Divisions within OPEC have caused WTI crude to fall below $74 per barrel, ending a three-day climb for the commodity. Angola, which joined OPEC in 2007, said it is leaving the Organization of the Petroleum Exporting Countries. This move raised concerns about OPEC's capacity to stabilize global prices,...
Oil's Next Move: Red Sea Conflict and $75? BP has suspended all oil and gas shipments through the Red Sea due to a rise in attacks on cargo ships and a deteriorating security situation attributed to Iran-aligned Houthi militants in Yemen. This move has caused a 2% surge in oil prices, pushing WTI crude futures to $72.5 per barrel. This development signals the...
Hello Traders! This is my view related to WTI / OIL H4. As you can see, OIL is in a very interesting phase, It took liquidity, set a new daily high, react from the OB (D1), and I expect a bullish movement until the level of 78.000. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see...
After the latest OPEC+ meeting, the price of WTI crude oil dropped more than 2% to $75 per barrel, ending a two-day win streak. During the meeting, OPEC+ agreed to cut oil production early next year by almost 2 million barrels per day (bpd). This decision was spurred by worries about having too much oil in the market coinciding with the end of Saudi Arabia's...